The stock of Q2 Holdings Inc (NYSE:QTWO) last traded at $93.91, up 0.59% from the previous session.
QTWO stock price is now -7.66% away from the 50-day moving average and 23.82% away from the 200-day moving average. The market capitalization of the company currently stands at $5.67B.
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With the price target enhanced from $89 to $99, Robert W. Baird Downgraded its rating from Outperform to Neutral for Q2 Holdings Inc (NYSE: QTWO). On December 18, 2024, KeyBanc Capital Markets Upgraded its previous ‘Sector Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $126, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Coleman Kirk L, President sold 10,428 shares of the company’s stock on Dec 12 ’24. The stock was sold for $1,109,748 at an average price of $106.42. Upon completion of the transaction, the President now directly owns 337,643 shares in the company, valued at $31.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 10 ’24, President Coleman Kirk L sold 8,559 shares of the business’s stock. A total of $907,254 was realized by selling the stock at an average price of $106.00. This leaves the insider owning 340,903 shares of the company worth $32.01 million. A total of 4.32% of the company’s stock is owned by insiders.
During the past 12 months, Q2 Holdings Inc has had a low of $40.60 and a high of $112.82. As of last week, the company has a debt-to-equity ratio of 1.09, a current ratio of 2.34, and a quick ratio of 2.34. The fifty day moving average price for QTWO is $101.6972 and a two-hundred day moving average price translates $75.844 for the stock.
The latest earnings results from Q2 Holdings Inc (NYSE: QTWO) was released for 2024-09-30. The net profit margin was -8.41% and return on equity was -12.13% for QTWO. The company reported revenue of $175.02 million for the quarter, compared to $154.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.94 percent. For the current quarter, analysts expect QTWO to generate $179.95M in revenue.
